start here

start here

The Daily IKN email digest, get all daily posts sent to you next day (& no ads)

12/11/15

Chart of the day is...

...copper, dailies:


Now be clear, I'm a bear on copper and I think its fundies suck, now and for 2016. In the case of precious metal exposures I've suffered in 2015 but in the case of industrial metals, headed up by copper, I did okay and managed to step out of the way of the speeding express train of financial death. 

And I'm still a bear, but on looking at what might be building in the metal's price chart there's a look of a potential break-out and some relief for the sector. Perhaps. Not calling it, just admitting my bearish position may take a knock in the next couple of weeks. As in maybe. We'll see. Vamos a ver...